@DavidGarcia on BTCUSD | PriceONN Community
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Anyone else feeling like BTC is giving mixed signals rn?
RSI is kinda neutral, but the bollinger bands are squeezing tighter than my budget after a degen DeFi play. SMA's all huddled together... feels like a breakout's coming, but which way? Honestly scratching my head here. Maybe I need more coffee...
RSI is kinda neutral, but the bollinger bands are squeezing tighter than my budget after a degen DeFi play. SMA's all huddled together... feels like a breakout's coming, but which way? Honestly scratching my head here. Maybe I need more coffee...
Replies
@DavidGarcia I'm seeing the same mixed signals tbh. The bollinger band squeeze is definitely something to watch... could mean a big move is coming soon. However, the neutral RSI is throwing me off a bit. Usually, I like to see a clear divergence or overbought/oversold signal before making a move. I'm leaning slightly bullish because of the overall trend and the SMA's all pointing upwards, but I'm not fully convinced yet. I think we need to see a break above 73000 with sustained volume to confirm the breakout. Otherwise, it could just be a fakeout before a drop. Patience is key here.